483 1st Avenue E North Bay, Ontario P1B 1K4
$425,000
This cash flowing 4plex provides a ton of upside to add to your investment portfolio. Though it is cash flowing as-is, the rents are under market and can be increased with tenant turnover and strategic renovations. Currently, the rents are all inclusive but there are separate meters which gives you the opportunity to lower your expenses as well. In the basement you'll find a 1 bedroom rented for $735.44, the main floor 3 bedroom is renting for 838.04 while the 2nd and 3rd floors are rented by the room totalling $2504.55 and the back bachelor is bringing in $703.92 for a current annual income of $57,383.40. ($4,781.95/mo). (id:50886)
Property Details
| MLS® Number | X9284705 |
| Property Type | Single Family |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 9 |
| BedroomsTotal | 9 |
| Amenities | Separate Electricity Meters |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 3 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Tandem |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 127 Ft ,8 In |
| SizeFrontage | 34 Ft ,8 In |
| SizeIrregular | 34.68 X 127.7 Ft |
| SizeTotalText | 34.68 X 127.7 Ft|under 1/2 Acre |
| ZoningDescription | Multiplex |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.66 m | 3.35 m | 3.66 m x 3.35 m |
| Second Level | Bedroom 2 | 3.66 m | 3.35 m | 3.66 m x 3.35 m |
| Basement | Bedroom | 2.74 m | 4.26 m | 2.74 m x 4.26 m |
| Basement | Family Room | 4.57 m | 4.26 m | 4.57 m x 4.26 m |
| Basement | Kitchen | 3.5 m | 3.96 m | 3.5 m x 3.96 m |
| Ground Level | Bedroom | 2.44 m | 3.35 m | 2.44 m x 3.35 m |
| Ground Level | Bedroom 2 | 2.74 m | 4.27 m | 2.74 m x 4.27 m |
| Ground Level | Bedroom 3 | 3.05 m | 2.29 m | 3.05 m x 2.29 m |
| Ground Level | Family Room | 4.57 m | 4.26 m | 4.57 m x 4.26 m |
| Ground Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Ground Level | Bathroom | 3.05 m | 3.05 m | 3.05 m x 3.05 m |
Utilities
| Cable | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/27348219/483-1st-avenue-e-north-bay
Interested?
Contact us for more information
Morgan Little
Salesperson
311 Wilson St E Unit 100e
Ancaster, Ontario L9G 2B8
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September 04 2024 04:59:56
Toronto Real Estate Board
Chase Realty Inc.